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Report number: 31/2016
2016-06-23

The Board of Travelplanet.pl SA of Wrocław ( 'Travelplanet.pl SA' or the 'Company'), entered into the National Court Register kept by the District Court for Wrocław Fabryczna, VI Commercial Division of the National Court Register, under KRS number 0000055057, NIP: 897-16 -52-554, the share capital of 3,867,850.00 PLN (paid in full) in relation to the information provided in the annual report for 2013 dated 03.21.2014 informs about signing on 06.23.2016 of court settlement between the Company and Oasis Tours Sp. z o.o. with its seat in Warsaw ( 'Oasis Tours Sp. o.o.') entered into the register of entrepreneurs in the District Court for the Capital City Warsaw, XIX Commercial Division, under KRS number 0000204083, REGON: 010409141, NIP: 5260026476 share capital of 11,257,500.00 PLN, concerning a dispute arising from due to Travelplanet.pl SA outstanding commissions from the sale of tourist packages of Oasis Tours Sp. o.o.

According to the notification, dated 01.16.2013, the Company reported a claim to the Court against Oasis Tours Sp. o.o. regarding the payment of outstanding comission in the amount of 203.7 thousand. PLN and dated 30.04.2013 in the amount of 408.0 thousand. PLN. According to the signed on 23.06.2016 settlement Oasis Tours Sp. o.o. is obliged to pay to Travelplanet.pl SA the amount of 348,547.00 PLN in such a way that Travelplanet.pl SA will deduct 5% of the respective remuneration payable to Oasis Tours Sp. o.o. after deduction of the commission entitled to Travelplanet.pl SA pursuant to concluded by the parties respective agency contract by the deadline of 10.31.2018. The parties agreed that the debt from Oasis Tours Sp. o.o. indicated in the agreement, and not fully paid as provided for in the settlement until 31/10/2018, it will be paid by the Oasis Tours Sp. o.o. in full until 15.11.2018 together with the right to charge interest from the remaining amount.

The claim was considered significant, since the total value of proceedings covered by the settlement exceeded 10% of the equity of the Issuer.

Legal basis

Art. 56 section 1 point 1 of the Act on the Public Offering

Travelplanet.pl SA published this content on 23 June 2016 and is solely responsible for the information contained herein.
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